Singapore government give first timer buyer and second timer buyer a chance to own a government house with subsidized price and grants. Many capable young couples keep their purchase options open in considering executive condominium in Singapore than Building To Order (BTO) housing development board (HDB).
There are some considering factors for home buyer to think about when purchasing an executive condominium (EC) in Singapore.
- Your EC will privatised after 10 years
- You can enjoy up to $30k
- If you’re part of the middle class salary, you may have limited options
- You will get to enjoy full condo facilities
- You need to form the right family nucleus scheme to qualify
- You need to arrange a bank loan
Source: http://business.asiaone.com/property/news/6-factors-consider-buying-executive-condo-singapore
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